Principal Financial Group · 3 hours ago
Senior Investment Accounting Analyst
Des Moines, IA
Full-time
Hybrid
Mid, Senior Level
$127K/yr - $171K/yr
6+ years expPrincipal Financial Group is a purpose-led firm that builds financial tools to help customers live better lives. They are seeking a Senior Investment Accounting Analyst to oversee investment accounting and reporting across a variety of investment strategies and complex asset classes, collaborating closely with various teams to ensure strong reporting and control practices.
Financial ServicesInsurance
No H1B
Responsibilities
Perform advanced investment accounting, including trade capture, income accruals, valuation, impairments, consolidations, and hedging across equities, fixed income, structured products, private placements, private asset funds, alternatives, and derivatives
Prepare and review monthly, quarterly, and annual reports supporting internal management reporting (quarterly results, board materials, earnings call prep) and external requirements (e.g., SEC and other regulatory filings)
Calculate and analyze industry‑standard performance metrics
Prepare cash management analysis and vendor compliance reporting
Ensure compliance with U.S. GAAP, client mandates, internal policies, and regulatory guidance
Partner with portfolio managers to understand and document accounting implications of complex strategies and transactions
Serve as an accounting subject matter expert on firmwide initiatives, including new product launches, platform migrations, and investment accounting system enhancements
Collaborate with technology and data teams to build or improve automated solutions for reporting and reconciliation
Lead or participate in UAT, requirements gathering, and system validation to ensure accounting needs are fully met
Strengthen internal control frameworks for investment accounting and reporting
Support risk mitigation through documentation and remediation of control gaps
Respond to internal and external audit requests with detailed reconciliations and supporting documentation
Act as a liaison between accounting and investment operations, legal/compliance, tax, and investor reporting to ensure accurate treatment and reporting of investment data
Provide technical guidance on accounting impacts of new vehicles, restructures, impairments, and valuation adjustments
Support ad hoc analysis and scenario modeling related to performance, exposure, and risk
Monitor changes in accounting standards and industry regulations (e.g., FASB, SEC, global frameworks)
Recommend and implement policy, process, and workflow improvements to enhance operational excellence and reporting quality
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field
CPA or progress toward certification strongly preferred
Minimum of 6 years of relevant accounting experience, preferably within asset management, investment accounting, or financial services
Advanced Excel skills and familiarity with reporting or analytics tools (e.g., Power BI, Alteryx, Power Query, SQL)
Ability to communicate effectively with technical and non-technical stakeholders and provide clear insights to support investment and operational decisions
Strong organizational and analytical skills with a commitment to accuracy, efficiency, and process improvement
This position may require successful completion of a criminal background check
Preferred
Strong working knowledge of investment products and strategies, including structured securities (MBS, ABS, CMBS), private credit, hedge funds, and derivatives
Experience with investment accounting systems such as PFI (PAM for investments and Yardi for Real Estate), or similar platforms
Benefits
Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.
Pension Eligible
Company
Principal Financial Group
Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Dan Houston
President and CEO
Liliana (Lil) Waters, CPA, FLMI
CFO – US Distribution
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